Market liquidity is constrained by persistent high inflation and policy limitations, according to a Bitunix analyst. Energy supply issues, including impaired Russian exports and potential OPEC+ output increases, keep oil and diesel prices elevated. Tariffs on metals and potential expansions to pharmaceuticals are spreading cost pressures across sectors, exacerbating global supply chain disruptions. Federal Reserve officials have indicated a preference for maintaining current interest rates, using regulatory tools to adjust liquidity instead of rate cuts. The IMF has stated there is little room for rate cuts in the coming year, leading to revised market expectations for policy easing. Bitcoin remains under pressure, with liquidity accumulating around $65,500, reflecting broader market constraints and conservative capital behavior.